Original Message:
Re: Marriott Vacation Club "Destinations" - What I Like and What I've Done (by Michael F.):
You make my point. Marriott takes properties i.e. silver week @ Branson Mo; use inflated values for the trust and sells points based on these values. Marriott then turns around and sells these points representing the inflated values-reminds me of the 2008 real estate market crash. The points are then used on properties of high value i.e. Hawaii and this creates an "oversold" position in violation of the agreement with the owners of said property. Sort of a Ponzi scheme. There are two victims here as I see it; the property owners who are unable to use their weeks and the point purchasers who are being sold something without value. Remember, a property's value is determined by what a ready, willing and able party will pay. Not what the "asking" price is. Therefore, when Marriott buys back a unit for, let's say, $6000 and values it as $50,000, this is wrong. Marriott then requires points equivalent to the make believe value. I could go on and on-but I hope you see my point. It is not about enjoying the system-just remember Marriott is making suckers out of all.